[THE VAULT] VERY VANILLA VILLA MAKES $50K EQUITY IN 2017
This two-bedroom vanilla villa proves that it is possible to get into the property market without it costing an arm and a leg.
AN AFFORDABLE ENTRY PRICE FOR FIRST TIME INVESTORS
Located in a good, high growth corridor on Queensland’s Gold Coast, this property was purchased in early 2017 for just $224,000.
Comparable sales at the time were between $270,000 and $280,000.
THE CASH FLOWS NICELY
This villa is currently renting at $330 per week, giving it a nice yield and strong cash flow.
ADDED TAX BONUS
Constructed during the early nineties, the property also has depreciation. This tax benefit comes as an added bonus to the deal.
Both the villa and complex are neat and tidy and don’t require much maintenance.
JUST RIGHT FOR A FOUNDATION PORTFOLIO
Not only does this property have good growth prospects, it also has a strong cash flow and was purchased below market value.
With an affordable entry price, depreciation and low maintenance needs, this villa is a perfect example of the numerous deals that exist for those finding it hard to crack the property market.
Have you taken the plunge and bought your first property yet? Please share your experiences in the comments section below.